Cryptocurrency phenomenon successfully predicting that cryptocurrencies will experience a bear market in 2022 capoto more than 650 thousand followers on his Twitter account “They should exit the market” told.
I repeat… EXIT ALL THE MARKETS
— il Capo Of Crypto (@CryptoCapo_) November 16, 2022
Capo thinks it’s too early for a new rally in the crypto markets. With the bankruptcy of the FTX exchange, the decline in cryptocurrencies, which came under great pressure, may continue.
The famous phenomenon stated that the bulls, which are powerless in the crypto markets, will soon raise the flag of surrender.
“The technical data looks very bad. Bitcoin is trading below the bottom it saw in June. Bull traps are weaker than I’ve seen in the past. Some people take cryptocurrencies from sellers for fear of missing the train. I think the final fall is imminent.”
Capo also explained his fundamental analysis with technical analysis methods. famous analyst, of bitcoin After losing the June bottom ($17,600), he expects it to slide back to the $12 to $14,000 range. Capo added to his analysis that a graphic is worth a thousand words.
“Ethereum Could Drop As Much As $750!”
The crypto phenomenon thinks that the largest smart contract platform could fall into triple digits by the end of the month. capo’s Ethereum The bottom price estimate is in the $750 to $700 range. This figure means 40% depreciation based on today’s price.
The bankruptcy of FTX, one of the largest cryptocurrency exchanges, upset the cryptocurrency markets. Investors are questioning the functioning of the crypto exchanges to which they entrust their assets.
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